SAN DIEGO, CA — April 15, 2026, 2026 – Michael Donohue, an independent LPL Financial advisor in San Diego, CA, has been recognized in this year’s list of the Forbes/SHOOK Best-in-State Wealth Advisors for his track record of success in the financial services industry. Donohue, Managing Principle of DB Wealth Management Group was recognized as the No. 174 advisor in California.
The annual list is compiled by Forbes with insights from SHOOK Research. Advisors are selected based on quantitative and qualitative data, and are assessed on a variety of criteria, including interviews, years of experience, compliance records and assets under management*.
"We are thrilled to extend our heartfelt congratulations to Michael Donohue for the well-deserved recognition from Forbes, on behalf of the entire team at LPL," said Peter Vincent, LPL’s executive vice president and head of field management. "This award showcases his dedicated efforts in guiding his clients towards financial success, especially during times of economic uncertainty and global challenges. LPL remains steadfast in our commitment to supporting ambitious advisors like Michael, equipping them with robust investment solutions, advanced technology platforms, and extensive resources to provide unparalleled service and experiences for their clients."
Michael Donohue has been serving clients since 2012 and has more than a decade of experience in the financial services industry. The firm provides comprehensive wealth management services for individuals and families, including financial and retirement planning, investment management, tax-aware strategies, estate planning coordination, insurance planning, and ongoing portfolio management.
Donohue is a financial advisor affiliated with LPL Financial, a leading wealth management firm that supports financial advisors—whether they work as independent business owners, with an RIA firm or in a financial institution—so they take care of their clients and run a thriving business.
About DB Wealth Management Group
DB Wealth Management Group, LLC is a separate entity from LPL Financial. Michael Donohue and Bryce Porter are Registered Representatives with, and securities and advisory services are offered through, LPL Financial, a Registered Investment Adviser, Member FINRA/SIPC.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $2.4 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.
The financial consultants with DB Wealth Management Group are Registered Representatives with, and Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.
DB Wealth Management Group, Forbes, Shook Research, and LPL Financial are all separate entities.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
Additional Disclosures Provided by SHOOK® Research, LLC.The Forbes | SHOOK® America’s Top Wealth Advisors and Best-in-State Wealth Advisors rankings were developed by SHOOK Research, LLC. Data as of June 30, 2025. Published by Forbes (April 2026). The rankings are based on SHOOK Research’s independent methodology and ranking algorithm, which includes in-person, virtual and telephone due diligence meetings to qualitatively evaluate each advisor across criteria such as client impact, industry experience, client retention, review of best practices, credentials, compliance records and firm nominations, as well as quantitative factors including assets under management and revenue generated for their firms. Investment performance is not a criterion, as client objectives and risk tolerances vary and advisors rarely have audited performance reports. SHOOK Research’s rankings provide opinions intended to help investors choose the right financial advisor and are not indicative of future performance or representative of any one client’s experience. Past performance is not indicative of future results. SHOOK Research's rankings is for informational purposes only and should not be construed as a recommendation or endorsement to hire any specific investment advisor and SHOOK Research does not assume any liability for actions taken based on the rankings. Neither SHOOK Research nor Forbes receives compensation in exchange for placement on the rankings, but awardees have the option to purchase rights to use the award logo or additional marketing packages to promote their award. For a full description of the methodology, please visit www.SHOOKresearch.com. SHOOK® is a registered trademark of SHOOK Research, LLC.
Out of 52,043 number of nominations, 11,302 U.S. advisors received this recognition.